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Home My WebLink About0604 To plate and continuo~sly keep o~ 1he bui:d~r.~s noar o~ hereafter ai~vate on said land and on ali equipment and penonally covered by this mortg- ags, wi~h all prem~ums ~hcrcon pa:d m fvll, fi~e insur~~~ce ~n the usual sta~wlard poiicy torm, in a sum app~oved by the MOR:GAGEE, and w~ndstorm inwronce in ths usual sranJard pol~cy form, in a sum approved by the MORTGAGEE, in such canpany or com~an~es as the MORTGAGEE may d~recr, and aU (ire ar.d w~nJ~torm insurance poGc:as on any oi sa~d bu~Id~ngs, any in~e~est ~hcrein o~ par~ thereof, in the a99regate sum afaesa~d w in excess ~hereof, sMll conta~n ~he usual stand~rd mor~gagee dause a such other dsuie as the Mortgagee may reyu~ro, making ~he lou undr~ s.~~d pol~ ues, each and eve~y, payable 1o said A10RiGAGEE as ~~s in~rrei~ may appear, and each and eve~y iuch poi~cy ahatl be p~omp~ly aug~rd and de:~vcrcd ~o any held by sa~d MORTGAGEE as fur~her secu+~ty to sa~d mortgaye debt, and, not less ~han te~ {101 days in advance of the expiratio~ of each pol~cy, to de- live~ to said MORTGAGEE e re~ewal thereof, togethar with a receipl fw the premium ot suth renewal; and ~he~e shall bs no f~re or windstono insurance placed o~ any of said buitdings, any intNest Ihero~n w parl thereof, unless i~ the form and with 1M loss payable as atoresaid; +nd in the event any sum t of money bccomes payabla under such policy or poGues said MORiGAGEE shall have the opr~on to reca~ve end apply the sa~ne on account of the i~dsbted• ~ ness secured hareby or ro permit eaid MORTGAGORS to receive and use it a any part the:eof ior other purposes, v.~~hout th~no~ •.v..~w~ ~3 0~ ~ng any equity, lien a right under or by virtue of th~s mo::~age; and in fhe event said MORiGAGORS shall fw any reason fail to keep the said prem~sas so intu~ed, w fail 1o deliver prompNy any of said polities ol i~surancs to said MORTGAGEE, or faif prompdy to pay ful~y any prem~um therefo~ or in any respect fail ro pertam, discharge, execute, effect, comptete, comply wi~h and ab~de by this tovenam, w any part hereof, said MORiGAGEE may p~ace and pay fw such inaurance or any parl tt~ereof without waiving w affecting any option, lien, equ~ty, w right under or by virrue of this M«tgege, and the full amovnt of eath a~d every such payment ~hall be immedistely due and payab~e and shall brar inlerest from the date thereof un~il paid at the ra?e ol r.ine per cenrum pet annum and to~rther wi+A such inrerest sha11 be secu.ed by the lien of thif mwtg~ge. I. To permit, commit o~ suffer no waste, impairmtN or deterioralion of said property ot any paH thereof. 5. To pay all and singula~ the costs, charges and expenscs, including s reasonable attorney's fee and costs of abst.actt of title, incu~red or pa~d at eny time by aaid MORiGAGfE, because w in the event of tht failure on the parl of Ihe said MORTGAGOR to duiy, pro:npily and futly perform, d~scharge. s¦ecute, efied, complete, comply w~th and a6:de by each and every ~he st~pula~~ons, agreements, conditio~s, and covenants of sa~d promissory note and ~h~i mortgage any a eithe•, and sa~d cos?s, chsrges and e~epenses, each and every, shatl be immed~ately due a~d payable; whether o~ not there be notite de mand, attempt to tollect w suit ptnd~ng; and ~he futl amount of each and every such payment shall bear interes~ irom the date thereof untii paid at the rate of nine per centum per annum; a~x! all said toats, charges and expenses inc~rred or paid, logether wJh such inlerest, shall be secured by the Gen of thia mwtgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the h10R1GAGOR, a;b) in the event any oF sa:d sums of money herein referred to be not prompfly and fully paid within th~rty (30) days nexf aiter the aame severatly become due and payabte, withou~ dernand o? notice, or (c) in ti~e event each and every the stipulations, agreements, cond~tions and covenants of .aa:d pror.~issvey note a~d th~s ma~tgage any or either a~e no1 j~ly, prompNy and futly pe.iormed, d~sc?+arg.d, execv~ed. effected, completed, complied with and ab~ded tiy, then in either or any such event tFu said ag gregate sum mentioned in said prom+ssory note then remaining unpa~d, with interest accrued, and alf moneys secured hereby, shall become due and pay- able for?hwilh, w thereafter: at the opuon of said MORTGAGEE, as (vlly and comptetely as if all of ~he said sums of money were onginal!y stipu~afed ro be paid on such day, anything in sa[d prom~sswy note or in this Ma?gage to the con?rary notwithstanding; and thereupon or thereafter st the op~~on of :nid MO~TGAGEE, without no~~ce o~ demand, suit aY law or in equity, therefere w thereafter begun, may be prosecuted as if sll moneys secured hereby nad matured pr~or to ~ts inst~tution. 7. That in the evem that at the beginning of or at any time pending any suit upon this Mo~tgage, w!o foreclose it, or to reiorm it, or to enforce p3yment of any claims hereunder, said M.ORTGAGEE shall app!y to the Court having jurisdict~on thereot fa the apaointment of a Receiver, such Courf shall fo:thwirh appoinf a receiver of said mortgaged property all and aingular, includ~ng all and si~gular ihe income, pro(~ts, issues and rever,ves from whatever source derived, each and every of wh~ch, it bring expressty uoderstood, is hereby mwtgaged as ~f s}aeufically set forth and desuibed in the granting and habendum clause? hereof, and s~ch Receiver shaH have ail the h~oad and effective funct.ons and powers in anywise entrusted by a Covrt to a Receiver, and a. ;h appointment shalt be made by sucfi Court as an admitred equity and a matter oi absolute righ~ to said MORTGAGEE, a~d wirhout reiere~ce to the edequacy or inadequacy of tAe value of the prope.ty mo~tgaged or to the se:vency or insolvency of said MORTGAGOR or the defendants, and that such renrs, proFits, income, issues and revenues shali be appiied by such Receiver accord~ng to the lien or equity of said MORiGAGEE ard the practice of such CouA. 8. To duly, promptly and fully perfo~m, d~scharge, execure, effect, comptete, compiy w~th and abide by each and eve?y the s!ipu~atior.s, agreernents, condit~ons and tovenants in sa~d promissory note and th~s mortgaqe set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a perwn other than the MORiGAGOR, the !t,ORTGAGfE, its successors and ass~gns, may, w~fho~t nor~ce to the A10RTGAOR, deal w;th such successor or successw in interest wi~h reference to this n,ortgage and the deb~ hereby secured in the same manner as with Mortyagor w~thout in a~y way vituting or d~scharging the Mc.~tgagori liability here _ . a,.~. !~Q.PF,; n~.. ,~t- ni rti- ~...?s-. I...o~,y mo.tnaaa+l ancl nc~ fo.bearsnce on the part of the MORiGAGEE or its successors or assigns and no eatension of rhe t~me for the paymrnt ~of the debt he.eby secured given by the MORTGAGEE or its successors or auigns, ahalt operate ro release, d~scharge, mod~fy change or affec! the orig~nal liabl{ity of the MORIGAGOR herein, either in whole w in pa~t. 10. It is spec~ficatiy agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obtigation se cured hereby ahall at any time thereaftea be held to be a waiver of the terms hereof o~ of ttx instrument secured herby. 11. In add.t+o~ to the fwego"ng rronth!y paym~nts of princ pal and inrerest required by the prom~ssory ~o!e secured hereby, mortgagor covenants +nd ogrees to pay to mortgagee with each monthly pal~nent an add~~icnal sum est~~~ated by mortgagee to be equal to 1;`12 of the annvai cost of the follow- ~ng: a-eu ..al n~rv.n.tv ta.os I~vi~ri or dtSnStAfj aoai•itt IhP above deWi~jed ?ed) Cita~e. B-Premiums on f[re and windstarm insurarce as here~n regu~red to be ca~ried on the ~mFroveme~Tr sit~ate on the above dascribed premisea. C-Premiun.s on such mortgage guaranty msurar:ce as mortgagee shafl from t:me to t~me deem fit to carry on the loan secured Fxreby. i Mortgagee sha~l from tune io time notify mertgagor ;n wnting of the arnoum due and payable hereunder and such sum shail thereupon be due and ; 3yable ort the d~e dare of the next ~nonth,y payment and each wccessive month rhereafter uctii me~tgagee shall notify mor!gagor of a change in such ! :~.o~nt_ Such sums s6a;i oe app!~ed by morfgagee roward the payment of rea~ prope~ty taxes, insuranca prem:ums, and mortgage guaraNy insurance E rremiumt. ~ ~ ~ = IN Y~ITNESS 1vH~REOF, the said MORTGAGC~R has F.ereunto set his hand and seal the day ar~) year first aforesaid. ~ Signed, Seated and delivered in the presence of: ,(f~ ~ ~ ~M ~.t4, ~ F ~ = ~ ~a~ 2 y~- c• , ~ c ~Ynard C. Schuster ese,q ~ ~Cy' ? ~t 'L `.Ga ~L t~f ' e J- 6 ~ (Seal) ~ _ - dOY18 A• SCi1LtSt@Y (Sea1) ~ S i ATE Of FI~6RIDA 1~/ ~ ~ ~ SS. ~ ~OU'JTY OF /~~r~-i t~v 1 ~ Before me perwnal!y a peared Bernard C. Sehuster and ~ ~Y ~S A. Schuster his wife, to me well known and knowrt to me to be ~ rne +rxiividuais oescribed in ano wno execuied tne ioregoing insirurneM, and atknowiedged before me tnat they executed the same fw the purposes !herei~ exp~essed. And the said- ~riS A• $CZ11lSt@! " r:ite of the said BernaYd C. Sehuster _ a separate artd private e=amination by me taken separaie and apart from her said husband, acknowledged to and before me that she executed said instrument freely and vol~o- ~ tar~ly and w~thout any compulsion, constraiM, apprehens~on, or fear of or from her said husband. e` N be= A. D. 19-~3 WITNE55 my hand and official seal this_ day of ~ ,~i' ~/11~1.~-~, ~ , Notary Pubtic in sr.d for the State of ideada~i~i+r~e/Qi~ i+ yJ!/~ ~ My Commiuion expirex n,( ~ Q C F} 3 O~ t q 7 y : . =2 Rerurn To: ,I.•~~~, ~.3 First Fede~a) Savings 3 Loan Associat~on ~ , r Z ~ ~ . ~ Of Fort Pcrce. ~ fort Pierte. FloriJa ~',4 ~ ~ ` • f ~D ~~~i~D ~ i ~ ' , :t%~ • ~ iT. ~ ER P01Tt~ ~ ` ' ' CLf RR CtRC1l1~~ ~ ` ' : . E~~, i - ' : ~ : This Instrument Prepared By J~ H. Roberts, JZ. C ' - First Federal Savings 8 Loan Association RECORO YER~f1ED . nX of Fort Pierce , Flozida 1L a~~ t~3 ',,,~~c,~ti r-.'F: ~ w . . - • . , . . I ~ ~ Cf~ecked By 269108 o R 6QGr ?21 PAr~ 6~~ t~~ ` C~ 'l . . . _ . . . _ _ . . . . _ r_ ~ - - , , " . _ 41~: